Alexander Chaloff

About Alexander Chaloff

Alexander Chaloff (age 53) is a Senior Vice President of AllianceBernstein L.P. and, since April 2023, Chief Investment Officer and Head of Investment & Wealth Strategies at Bernstein Private Wealth Management; he previously co-led the Investment Strategy Group (2020–2023) and joined Bernstein in 2005 after serving as a Managing Director at Wilshire Associates and on Wilshire’s investment committee . He has served as President and Chief Executive Officer of the SCB Funds and the AB Multi‑Manager Alternative Fund (AMMAF) since April 2023, and has been a director/trustee of the AB Funds Unitary Board since January 2025; he is standing for election as a Class Two Director (term expiring 2026) overseeing 95 portfolios across the AB Funds Complex and reports no other current public company directorships . Under the Investment Company Act of 1940, he is deemed an “interested person” of the Funds due to his affiliation with the Adviser (AllianceBernstein L.P.), not an Independent Director .

Past Roles

External Roles

Board Governance

• Independence and committee eligibility: Committees (Audit; Governance & Nominating; Independent Directors Committee) are composed exclusively of Independent Directors, so as an “interested person” Mr. Chaloff does not serve on these committees .
• Board leadership: The Board is led by an Independent Director as Chair (currently Garry L. Moody), consistent with prior regulatory settlements requiring an independent chair; the Chair sets agendas and facilitates communications between independent directors and management .
• Board/committee cadence (FY 2024): Board met four times for AGHIF and four times for ANMIF; Audit Committee met four times (AGHIF) and three times (ANMIF); Governance & Nominating met three times (each Fund); Independent Directors Committee met nine times (each Fund), with independent directors meeting in executive session without management at every Board meeting .
• Director elections: Mr. Chaloff is standing for election as a Class Two Director; upon his election, Onur Erzan will resign as a Class Two Director, ensuring only one “interested person” serves on the Board .
• Risk oversight: The Board and Audit Committee oversee accounting/financial reporting, compliance, internal controls, and auditor independence; the Board receives periodic risk reports from management, compliance, internal audit, and external auditor, including cyber security updates .

Fixed Compensation

• Pension/retirement benefits: None for directors in 2024 across the AB Funds Complex, except a one‑time retirement benefit to two former directors unrelated to Mr. Chaloff (borne by the Adviser via fee waiver) .

Performance Compensation

• Not applicable: No performance‑based director compensation is disclosed; as an “interested person,” Mr. Chaloff does not receive director fees from the Funds, and the proxy does not disclose any performance metrics tied to director compensation .

Other Directorships & Interlocks

Expertise & Qualifications

• The Board cites Mr. Chaloff’s business, finance, and investment management experience as Head of Investment & Wealth Strategies of Bernstein Private Wealth Management; he also serves as President & CEO of SCB Funds and AMMAF, with broad oversight responsibilities across the AB Funds Complex .
• Collectively, the Board emphasizes directors’ ability to critically evaluate information, interact effectively with the Adviser and service providers, and exercise business judgment; Mr. Chaloff’s individual credentials underpin the Board’s conclusion that he is qualified to serve .

Equity Ownership

• As of February 3, 2025, directors and officers of each Fund owned less than 1% of shares of either Fund .

Governance Assessment

• Independence/Conflict risk: RED FLAG. Mr. Chaloff is an “interested person” due to his senior executive role at the Adviser (AllianceBernstein L.P.), creating potential conflicts in oversight of the Adviser’s management of the Funds .
• Structural mitigants: Strong. Independent Chair; committees composed exclusively of independent directors; independent directors meet in executive session at every Board meeting; robust audit/risk oversight processes and pre‑approval policies for audit/non‑audit services .
• Engagement cadence: Positive. Regular Board and committee meeting frequency indicates active oversight, including nine Independent Directors Committee meetings per fund in FY 2024; however, individual director attendance rates are not disclosed .
• Ownership alignment: Mixed. Mr. Chaloff held no shares in AGHIF or ANMIF individually, with a modest aggregate dollar range across the AB Funds Complex ($10,001–$50,000); overall group ownership is <1%, suggesting limited direct alignment via personal holdings in the closed‑end funds .
• Interlocks: Neutral. No other public company directorships disclosed, reducing external interlock/conflict exposure .